Articles about salaries

Financial benefits are an attractive source of money and are able to significantly augment the fixed component of one’s annual income. Employers use these benefits to motivate employees throughout the calendar year. Some of them also awarded an year-end bonus to thank them for their overall performance at the end of the fiscal year. It is important to remember that only some employers offer this form of financial benefits. It largely depends on the employer’s financial condition. Non-financial benefits are more prevalent in practice. The Paylab salary portal analysed the salaries and prevalence of financial benefits for individual positions.

The international Paylab network, which includes 19 localised salary portals, has introduced an innovative way of salary data processing. The innovation lies in the use of regression models that improve the salary analyses and provide more comprehensive and detailed data on employee remuneration. This method makes it possible to extract much more information from the collected data and, according to the relationships between the individual datasets, better estimate salaries for job positions with insufficient salary data. It can also fully satisfy a wider range of clients interested in salary reports.

The guarantee of a regular wage paid to one’s account is the main reason why the vast majority of working people still prefer internal employment to freelancing. This is the result of an international Paylab Data Research survey, which took place in May and June 2018 over a sample of 42,800 respondents in 11 European countries. The overwhelming majority of employees (78%) still believe internal employment is a better form of working relationship with an employer than external collaboration (freelancing).